Allworth Financial Expands Texas Reach with Grunden Financial Acquisition

Allworth Financial, a notable national registered investment advisory (RIA) firm based in Folsom, California, has recently made headlines with its acquisition of Grunden Financial Advisory, a wealth management firm located in Denton, Texas. This merger, announced on January 20, 2026, enhances Allworth's foothold in Texas, a strategic market for its growth plan.

Overview of the Acquisition

The acquisition brings Grunden Financial Advisory into Allworth's expanding network, which already manages approximately $34 billion in assets. Grunden Financial, with its 25-year history, oversees $500 million in assets and has built a formidable reputation for providing relationship-driven financial planning services to multigenerational families in North Texas.

By integrating Grunden’s established client relationships and expertise with Allworth's national resources and support systems, the merger aims to enhance the financial services available to clients while maintaining a strong focus on their existing, trusted advisors. John Bunch, CEO of Allworth, expressed that the partnership aligns perfectly with their commitment to client-first service and thoughtful growth.

Why Grunden Financial Chose Allworth

Ricky Grunden, the founder and a senior partner at Grunden Financial, spoke highly of Allworth during the acquisition announcement, emphasizing the genuine care they show for both employees and clients. The firm had evaluated numerous potential partners but found that Allworth stood out due to its shared values and commitment to client service.

Dave Ragan, President and Partner Advisor at Grunden, highlighted the importance of preserving their client relationships while leveraging the expansive capabilities that Allworth provides. The new partnership will give Grunden’s clients access to a wider array of financial planning resources and enhanced investment solutions without losing the personal touch they have come to expect.

The Future of Financial Planning in North Texas

As Allworth continues to establish itself in North Texas, it opens doors for greater access to comprehensive financial planning services, including advanced tax and estate planning capabilities. Customers will also benefit from Allworth's cutting-edge digital tools and dedicated client service teams, crafted to elevate the financial experience.

The established Grunden team, consisting of three partner advisors alongside a committed staff of professionals, will maintain their current roles within Allworth. This continuity is crucial for fostering trust and stability as they introduce the extensive resources of a larger firm.

A Cultural Synergy

Cultural fit was pivotal for both Grunden and Allworth in the acquisition decision, with Susy Thomas, Vice President and Partner Advisor at Grunden, stating that the alignment between the two firms was evident from their initial meetings. Allworth’s ability to provide the scale of a national firm while preserving the close-knit, relationship-driven approach that characterizes Grunden is a critical aspect of the merger’s potential success.

Looking Ahead

This acquisition marks a significant milestone in Allworth's ongoing strategy to enhance its national advisory platform through high-quality partnerships. As it solidifies its presence in North Texas, Allworth Financial demonstrates a commitment to thoughtful growth and a dedication to preserving the unique qualities that make firms like Grunden exceptional.

In conclusion, Allworth Financial’s acquisition of Grunden Financial Advisory not only signifies an expansion of services in Texas but also an enhancement in its ability to serve clients effectively. As both firms work together to integrate their resources and philosophies, the future looks promising for the multigenerational families they serve across North Texas.